Prepare an income statement for Delray Mfg. (a manufacturer)

Required information Use the following information for the Exercises below The following selected account balances are provided for Delray Mfg SaleS Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 $ 1,123,000 41,000 55,700 62,300 182,300 220,000 23,900 55,000 5,250 58,000 92,000 126,000 46,300 39,500 68,600